USDC Loses Peg

Posted by marban on Thursday November 10, 2022 @08:03AM
from the coinmarketcap.com dept.

( 4 comments | 6 points | on HN )

Re:USDC Loses Peg by RonanMcGovern on Thursday November 10, 2022 @08:24AM (#33546023)

Just to clarity - USDC is trading slightly above peg.

Meanwhile, USDT is below peg.

Def more concerning to be below than above

[ Parent | on HN ]

Re:USDC Loses Peg by mudrockbestgirl on Thursday November 10, 2022 @08:14AM (#33545896)

Given the direction, people are probably swapping their USDT for USDC...

[ Parent | on HN ]

Re:USDC Loses Peg by lupire on Thursday November 10, 2022 @09:03AM (#33546547)

Already back to peg.

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Re:USDC Loses Peg by hestefisk on Thursday November 10, 2022 @10:09AM (#33547566)

It’s a safer bet than USDT, afaik, with some actual audited collateral behind it. Each USDC is backed by exactly $1.

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